Most Americans underestimate their risk of suffering a disability and overestimate the resources they have available in such an eventuality. Disability insurance provides replacement income in the event that you can’t work due to a disabling illness or accident. Think of it as insurance for your paycheck. Simply put, if you have a job, you need disability insurance.…
A frightening chart from last week’s Detroit News shows just how much Detroiters pay for auto insurance – just under $6,000 per year! This is far above the second-most expensive city. Philadelphia comes in just over $4,000 per year. The average vehicle in the State of Michigan is $900 according to the article. Here’s one story:…
Related to a post I made last week, Michael Wayland from MLive.com gives a good overview of current North American company efforts toward creating autonomous vehicles. What is interesting here is that there are auto manufacturers, auto suppliers, and other companies such as Google, in this race.
I was intrigued by this research from the LIMRA on the perceived costs of life insurance. Do you think life insurance is more expensive than it might really be? Survey respondents were asked to estimate the annual cost of a 20-year, $250,000, level-term life policy for a healthy 30-year old consumer. The actual cost is…
The first in an ongoing series of things that make you go – “We Could Cover It!”
In 2011, 141 people died in Michigan in work-related accidents – four fewer than in 2010. While almost all workplace accidents are preventable, does this number strike you as high or low given the number of hours all people in the state work? If you knew that 53 North Carolina workers died on the job…
J.D. Power’s most recent survey of automotive claims points to a reduction in satisfaction over the last quarter with how those claims have been handled: Forty-seven percent of claimants delayed dropping off their vehicle at the body shop to wait for a more convenient time, and 20 percent indicated waiting for weekends or holidays,” said…
A car pulls up next to you at a light. You look over, and there is no driver. NO DRIVER? Google has already made significant strides with autonomous vehicles that can navigate typical traffic situations without driver intervention. An article in today’s Detroit Free Press touches on the insurance implications of such a move. Did you…
Well, Daniel Mears at the Detroit News photo blog certainly has a strong opinion. Bikers were calling the agency yesterday asking about increased limits with the helmet law repeal. While medical coverage on motorcycle policies increases to $20,000 if a biker is involved in an accident with an automobile, auto PIP may still have to…
From the Detroit Press, news that Governor Rick Snyder has signed the repeal of Michigan’s motorcycle helmet law. Bikers: will you ride without a helmet? Be sure to increase your medical limits on your motorcycle policy before you do. I’ interested in hearing from you regarding the debate balancing individual liberty versus the possible increased…